Wednesday, March 29, 2006

Widgets

In his trailer for my economics postings, Andy Piper points me at this post on "widgets".

I believe it is a thinly-veiled attack on the concept of voluntary exchange, demonstrates a lack of understanding of the principle of comparative advantage and contains a bizarre implication that economics is a zero sum game.

However, it is my responsibility to prove those accusations. It would be deeply dishonourable of me to attack somebody I don't know and give no reason.

Sadly, I am not yet as eloquent as I would like to be on matters economic. I intend to correct that deficiency over the coming months by posting on simpler matters. If I can work up to delivering a devastating critiqe of the widget posting within three months, I'll consider this experiment to have been a success...